Posted by rglenco on October 10, 2003 at 11:44:25:
I have minimal exposure to this situation but I just read an article with a possible strategy for you. Buy used MH for $2-3,000 and site them on your parcels. Sell the homes for retail ($5-6K) with $1K down and carry the note on the remainder. Retain ownership of the lot and rent it to the buyer. You get two income streams with great profits on both. The article by Lonnie Scruggs is, http://www.real-etate-online.com/art-106.htm.
hope that might owrk for you… makes great sense to me.